Excellence Commercial Property & Facilities Management Group (HKSE:06989) Interest Coverage : 106.27 (As of Dec. 2023)

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What is Excellence Commercial Property & Facilities Management Group Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Excellence Commercial Property & Facilities Management Group's Operating Income for the six months ended in Dec. 2023 was HK$240 Mil. Excellence Commercial Property & Facilities Management Group's Interest Expense for the six months ended in Dec. 2023 was HK$-2 Mil. Excellence Commercial Property & Facilities Management Group's interest coverage for the quarter that ended in Dec. 2023 was 106.27. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Excellence Commercial Property & Facilities Management Group Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Excellence Commercial Property & Facilities Management Group's Interest Coverage or its related term are showing as below:

HKSE:06989' s Interest Coverage Range Over the Past 10 Years
Min: 15.88 Med: 72.49 Max: 441.27
Current: 81.83

HKSE:06989's Interest Coverage is ranked better than
84.87% of 1335 companies
in the Real Estate industry
Industry Median: 4.05 vs HKSE:06989: 81.83

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Excellence Commercial Property & Facilities Management Group Interest Coverage Historical Data

The historical data trend for Excellence Commercial Property & Facilities Management Group's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Excellence Commercial Property & Facilities Management Group Interest Coverage Chart

Excellence Commercial Property & Facilities Management Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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18.14

15.88

36.39

72.49

81.83

Excellence Commercial Property & Facilities Management Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Coverage	Get a 7-Day Free Trial						35.31	78.95	62.28	68.79	106.27

Competitive Comparison of Excellence Commercial Property & Facilities Management Group's Interest Coverage

For the Real Estate Services subindustry, Excellence Commercial Property & Facilities Management Group's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Excellence Commercial Property & Facilities Management Group's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Excellence Commercial Property & Facilities Management Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Excellence Commercial Property & Facilities Management Group's Interest Coverage falls into.

Excellence Commercial Property & Facilities Management Group Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Excellence Commercial Property & Facilities Management Group's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Excellence Commercial Property & Facilities Management Group's Interest Expense was HK$-6 Mil. Its Operating Income was HK$532 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$11 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	531.75	/	-6.498
	=	81.83

Excellence Commercial Property & Facilities Management Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the six months ended in Dec. 2023, Excellence Commercial Property & Facilities Management Group's Interest Expense was HK$-2 Mil. Its Operating Income was HK$240 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$11 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	240.287	/	-2.261
	=	106.27

The higher the ratio, the stronger the company's Financial Strength is.

Excellence Commercial Property & Facilities Management Group (HKSE:06989) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Excellence Commercial Property & Facilities Management Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of Excellence Commercial Property & Facilities Management Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Excellence Commercial Property & Facilities Management Group (HKSE:06989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Excellence Commercial Property & Facilities Management Group Ltd (HKSE:06989) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuhua Third Road, 38Ath Floor, Tower 4, Excellence Century Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.excepm.com

Excellence Commercial Property & Facilities Management Group Ltd is a commercial property management service provider in China. The company's projects included commercial properties, public and industrial properties, and residential properties. It operates in three segments namely Finance services, Other services, and Property management services that provide basic property management services or system supply and installation services to property developers, property owners, and tenants, and value-added services to such customers, including asset services which includes preliminary property consulting services, property leasing and sales agency services, asset-light property operation services and space operation services, and corporate services.

Executives

Xiao Xingping	2202 Interest of your spouse
Li Xiaoping	2101 Beneficial owner
Li Wa	2201 Interest of corporation controlled by you
Oriental Rich Holdings Group Limited	2201 Interest of corporation controlled by you
Urban Hero Investments Limited	2101 Beneficial owner
Ever Rainbow Holdings Limited	2101 Beneficial owner
Autumn Riches Limited	2101 Beneficial owner
Li Yuan	2201 Interest of corporation controlled by you

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